Coterra Energy layoffs, on the record
Every job cut, severance charge and restructuring Coterra Energy reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2025 | 1,075 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany recognized restructuring costs primarily related to workforce reductions and associated severance benefits triggered by the Merger, totaling $12 million in 2023.
Word for word“During 2023, 2022 and 2021, the Company recognized $ 12 million, $ 52 million and $ 44 million, respectively, of restructuring costs that are primarily related to workforce reductions and associated severance benefits that were triggered by the Merger.” 10-K for 2023
Our summaryCompany made severance payments that reduced its restructuring liabilities, bringing the balance at end of 2023 to $47 million.
Word for word“The following table summarizes the Company’s restructuring liabilities: Year Ended December 31, (In millions) 2023 2022 2021 Balance at beginning of period $ 77 $ 43 $ — Additions related to merger integration 12 52 44 Reductions related to severance payments ( 42 ) ( 18 ) ( 1 ) Balance at end of period $ 47 $ 77 $ 43 88 Table of Contents 16.” 10-K for 2023
Our summaryMerger-related expenses decreased in 2023 because lower employee severance and termination benefits were recorded for the termination of transition employees, with severance costs substantially fully accrued by early 2023.
Word for word“Merger-related expenses decreased $57 million primarily due to lower employee-related severance and termination benefits associated with the termination of transition employees.” 10-K for 2023
Our summaryRestructuring costs were tied to workforce reductions and severance benefits triggered by the Cimarex merger.
Word for word“Restructuring costs were primarily related to workforce reductions and associated severance benefits that were triggered by the merger with Cimarex.” 10-K for 2024
Our summarySeverance payments reduced the restructuring liability in 2024, 2023 and 2022.
Word for word“Reductions related to severance payments ( 34 ) ( 42 ) ( 18 )” 10-K for 2024
Our summaryMerger-related expense fell because the accrual for severance and termination benefits for Cimarex merger transition employees was completed in 2023.
Word for word“Merger related expense decreased $12 million as the accrual for employee-related severance and termination benefits associated with the Cimarex merger transition employees was completed in 2023.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2021-12-31 | $44 million | $1 million |
| 2022-12-31 | $52 million | $18 million |
| 2023-12-31 | $12 million | $42 million |
| 2024-12-31 | $0 | $34 million |
| 2025-12-31 | $0 | $13 million |
Coterra Energy has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Coterra Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.